The United States said that it “transferred the $20 billion U.S. portion of a $50 billion G7 loan for Ukraine to a World Bank intermediary fund for economic and financial aid.”
This is money that was promised from “frozen Russian sovereign assets.” Or rather, money stolen from Russians. The loan will be paid back with the interest of those stolen funds.
U.S. Treasury Secretary Janet Yellen reportedly personally oversaw staff executing the wire transfer of the $20 billion to the World Bank fund.
“These funds — paid for by the windfall proceeds earned from Russia’s own immobilized assets — will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” she said in a statement. “The $50 billion collectively being provided by the G7 through this initiative will help ensure Ukraine has the resources it needs to sustain emergency services, hospitals and other foundations of its brave resistance.”
Ukraine can now draw upon this loan to fund its war with Russia, even though Ukraine has made no grounds fighting Russia in over two years.
